Cardano’s founder Charles Hoskinson is the latest to address the growing threat of fake cryptocurrency giveaways. He blamed social media platforms like Twitter and YouTube for inaction, threatened to delete his accounts, and said his company will investigate if these giant firms are actually benefiting from the ongoing scams.
It can be recalled that Charles Hoskinson took to Twitter on 16th March to inform the Cardano community that he’s considering leaving the microblogging platform permanently, if it fails to verify his account, citing tons of con artists taking advantage of his personality to defraud crypto newbies. Charles Hoskinson teases the Cardano community with more talk of birds, this time in a tweet featuring an image of an exotic bird pictured next to John Hancock. The text accompanying it read: “ For some reason, I have this strong desire to tweet these two pictures. Must be the blending of my ornithological endeavors with my love of 18th century American history. According to Charles Hoskinson, Cardano is superior to its biggest competitor Ethereum 2.0 in all respects. The biggest problem of Ethereum 2.0 is the lack of on-chain governance. It is an open secret within the crypto community that Charles Hoskinson, former co-founder of Ethereum and its creator Vitalik Buterin are not the best of friends.
The Growing Threat of Crypto Giveaway Scams
Giveaway scams have skyrocketed in popularity in the past several years. Their method of operation is quite simple but, unfortunately, effective. Bad actors impersonate a popular individual or a company on social media, ask the followers/viewers to send any amount of a particular cryptocurrency to their address, and promise to double it.
Although such conditions sound too good to be true, people have continuously fallen victim. Cardano’s Charles Hoskinson addressed the giveaway scams in a recent video by highlighting the dangers they present for victims and the impersonated company/individual.
Hoskinson on Twitter posted that he is selling his legendary tweet. The tweet is of an unpleasant conversation between him and MetaMask. Back in 2018, Charles enquired MetaMask about the wallet’s delisting from Chrome Web Store, and he was asked to use the support mail.
He said that people who have been harmed by fraudsters had contacted him and IOHK repeatedly to ask for an explanation and reimbursement. In some extreme cases, victims have sent him pictures of his pets, house, or parents and threatened to hurt them if Hoskinson doesn’t compensate for their losses.
He feels that some social media giants can verify his account with the so-called “blue checkmarks,” which should enhance his legitimacy while making the fake profiles less trustworthy. However, they have refused to do so, while verifying some accounts of less known individuals.
Cardano News Twitter
Legal Action or Leaving Twitter?
Hoskinson blamed those platforms for their inaction. He said that IOHK will hire a former FBI agent or lawyer whose sole purpose would be to fight such scams involving Cardano and its native cryptocurrency – ADA.
Additionally, he promised that his team will conduct an investigation, which could result in a lawsuit if they determine that companies like Twitter and YouTube are somehow financially benefiting from transmitting the scams.
Although he admitted that Ripple and Steve Wozniak had little-to-no success with their lawsuits against YouTube, he hoped that another class-action case will urge those companies to “take this issue seriously because I am tired of getting emails every single day from victims.”
However, if the potential lawsuit fails too, Hoskinson is prepared to leave some of the social media platforms, including Jack Dorsey’s Twitter:
“Maybe the solution for me is to simply leave all social media, to begin with. And then we can broadcast through our official accounts that every single Charles Hoskinson Facebook page, Instagram page, Twitter feed, YouTube channel is simply fake. Maybe that’s the solution that we are forced to do – self de-platforming.”
Charles Hoskinson Twitter Images
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Charles Hoskinson Twitter Account
Source: https://cryptopotato.com/cardanos-charles-hoskinson-threatens-youtube-and-twitter-with-lawsuits-over-crypto-scams/